South Florida home sales ‘defy gravity’ as cash remains king – WLRN
South Florida’s housing market bucked the national trend in April, new data reveals. While sales of existing homes fell nationwide last month compared to March, they picked up in South Florida even as more homes and condos were for sale. “Defying gravity” is how the chief economist of the Miami Association of Realtors described the regional housing market. “Strong job growth, elevated migration, and more cash buyers are mitigating the blow of higher mortgage rates,” said Gay Cororaton in a news release. Nationally, the existing home sales fell 1.9% month…
Read More